Credit Unions Near Me
National Credit Union Service Organization

DEPARTMENT OF COMMERCE FEDERAL CREDIT UNION

Sep, 30, 2022 — DEPARTMENT OF COMMERCE FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 3 branch locations and about $838.55 million in total assets. Opened 59 years ago in 1964, DEPARTMENT OF COMMERCE FEDERAL CREDIT UNION has about 30,001 members and employs 103 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 254074439
Name:DEPARTMENT OF COMMERCE FEDERAL CREDIT UNION
Address:
(Main Office)
1401 Constitution Ave NW Rm B-0038A
WASHINGTON, DC 20230-0001
Phone:(202) 808-3600
Fax:(202) 482-4317
Website:https://www.docfcu.org
Branches:3 branch locations
Members:30,001
Credit Union Type:Federal Credit Union
Charter Number:16410
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1964
Last Audited:Mar 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$838,554,675
CEO/Manager:Evan Clark
Chairperson:James Boney

Call Report

  • Payday Alternative Loans (PAL Loans)

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,526,124
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 457,704,770
 Unsecured Loans 183,528,209
 Other Loans 102,258,794
 TOTAL LOANS 743,491,773
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,320,101
 Land And Building 0
 Other Fixed Assets 1,517,199
 NCUSIF Deposit 4,381,549
 All Other Assets 0
  TOTAL ASSETS 838,554,675
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 43,655,000
 Accounts Payable & Other Liabilities 19,080,873
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 8,400,000
 Share Drafts 101,526,950
 Regular shares 121,539,362
 All Other Shares & Deposits 480,363,914
  TOTAL SHARES & DEPOSITS 703,430,226
  TOTAL LIABILITIES 774,566,099
 Regular Reserve 0
 Other Reserves 5,169,473
 Undivided Earnings 58,819,103
  TOTAL EQUITY 63,988,576
  TOTAL LIABILITIES, SHARES, & EQUITY 838,554,675
INCOME & EXPENSE  
 Loan Income 21,525,987
 Investment Income 989,343
 Other Income 1,158,606
 Total Employee Compensation & Benefits 9,933,415
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 7,581,015
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,497,699
 Cost of Funds 6,418,251
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 20,682,012
↑ Back to Top

Other Credit Unions

LEE FEDERAL CREDIT UNION
611 H St NW
WASHINGTON, DC 20001-3788
D C FIRE DEPARTMENT FEDERAL CREDIT UNION
2225 5TH ST NE
WASHINGTON, DC 20002
GSA FEDERAL CREDIT UNION
1800 F St NW # 1211
WASHINGTON, DC 20405-0001
GOVERNMENT PRINTING OFFICE FEDERAL CREDIT UNION
732 N Capitol ST NW
WASHINGTON, DC 20401-0002
HUD FEDERAL CREDIT UNION
451 7th St Sw Rm 3241
WASHINGTON, DC 20410
EP FEDERAL CREDIT UNION
301 13th Street SW RM 215A
WASHINGTON, DC 20228-0001
LIBRARY OF CONGRESS FEDERAL CREDIT UNION
101 Independence Ave SE Rm 634
WASHINGTON, DC 20540-0002
TREASURY DEPARTMENT FEDERAL CREDIT UNION
Treasury Annex Rm 1000
WASHINGTON, DC 20220
DEPARTMENT OF THE INTERIOR FEDERAL CREDIT UNION
1849 C ST NW RM B038
WASHINGTON, DC 20240
O.A.S. STAFF FEDERAL CREDIT UNION
1889 F St NW
WASHINGTON, DC 20006